Product Specialist I

Bank of America • New York, NY

20h • $97,500 - $134,700 • Onsite

About The Position

The Product Specialist I typically provides secondary coverage for clients, applies extensive product knowledge, and interacts with clients to execute complex product transactions that generate significant revenue. The role works under the direction of more senior associates.

Within Bank of America’s Private Equity and Real Assets Origination Group, the position supports the development and maintenance of a comprehensive alternative investments offering across client demographics and delivery platforms. Work includes sourcing and onboarding managers and funds, determining offering and pricing structures, negotiating terms, advancing the alternative investments platform, and managing existing products and external fund relationships.

The role also supports the origination, launch, and oversight of alternative investment funds for private bank and institutional investors. This involves preparing and maintaining marketing and offering materials, coordinating due diligence and legal reviews, developing product structures and processes, and monitoring fund relationships and issues.

Requirements

• 2–5+ years of relevant experience.
• Hold the SIE and Series 7, plus Series 63/65 or Series 66, or be willing to obtain the required license(s) within 120 days of the start date.
• Excellent written and verbal communication skills.
• Proficiency in Excel and PowerPoint.
• Knowledge of financial markets.
• Demonstrated ability to work in a team environment.
• Ability to manage and execute multiple projects simultaneously.
• Ability to coordinate with other areas of the GWIM organization.

Nice To Haves

• Bachelor’s degree, preferably concentrated in Finance or Business.
• Skills in analytical thinking, customer and client focus, financial forecasting and modeling, financial management, risk management, causation analysis, client management, market analysis, presentation, relationship building, data management, project management, and result orientation.

Responsibilities

• Develop fund marketing collateral and coordinate internal reviews.
• Determine appropriate funds to offer to Merrill Lynch clients in conjunction with Sales and Due Diligence.
• Develop appropriate legal structures and operational processes for each product.
• Negotiate business and operating terms with fund managers.
• Coordinate the launch and oversight of alternative investment funds for private bank and institutional investors, including creating and maintaining channel-specific materials.
• Coordinate investment and business due diligence efforts.
• Ensure appropriate internal and external legal review.
• Create offering documents, contractual agreements, and business proposals.
• Analyze private equity organizations and offering documents to identify business, legal, and headline risks.
• Maintain comprehensive knowledge of private equity structures, terms, and industry trends.
• Conduct product-based analyses and comparisons to assess the competitive landscape.
• Maintain fund marketing collateral and platform offering documents.
• Manage ongoing relationships with fund managers.
• Coordinate appropriate actions to address issues with existing private equity funds.
• Draft formal communications for Merrill Lynch Financial Advisors and clients.

Benefits

• Benefits eligibility.
• Access to paid time off.
• Annual discretionary incentive plan eligibility, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
• Resources and support for employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed